Things to watch, what to know, in your apartment operation
Tag: Apartment Watch
Multifamily construction permits and completions fall
The Census Bureau’s new residential construction report for April stated that the number of multifamily construction permits issued and unit completions were down for...
Single-family starts show gradual improvement in April
A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as...
CBRE sees slower lending in Q1
A recent report from CBRE says that their commercial mortgage lending momentum index fell in Q1, dropping 33 percent quarter-over-quarter and 53.5 percent year-over...
Senior housing lease-up rates recovering
A whitepaper from NIC MAP Vision looks at how the lease-up rates for senior housing properties have changed over the past 10 years. It...
California rent control update
A measure which would expand the number of properties in California which could be subject to rent control is working its way through the...
Construction materials prices unchanged in April
The April producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged for the month,...
HUD strengthens standards and aligns inspection regulations for HUD assisted housing
The U.S. Department of Housing and Urban Development (HUD) published the Final Rule for the National Standards for the Physical Inspection of Real Estate...
Multifamily CMBS delinquencies improve in April
Two reports from Trepp show small improvements in the multifamily CMBS market with declines in both the CMBS delinquency rate and the special servicing...
Multifamily mortgage originations down in Q1
A report from the Mortgage Bankers’ Association (MBA) says that multifamily mortgage originations in Q1 2023 were down 55 percent on a year-over-year basis....
Rent growth rises in April
Yardi Matrix reported that national average apartment rent increased $5 in April to $1,709 per month. This is the largest monthly rent increase reported...
Mixed employment picture in April
The Employment Situation Report from the Bureau of Labor Statistics stated that apartment operations employment fell slightly while residential construction employment rose overall in...
Census reports rising vacancies in Q1
The Census Bureau released its quarterly report on home ownership and occupancy for Q4 2022. It stated that the rental housing vacancy rate was...
JOLT data reflect weakening jobs market
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in March...
Multifamily fundamentals begin to stabilize
The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease—trends that are expected to continue in 2023, according...
First Republic takeover deals yet another blow to Bay Area real estate
The takeover of First Republic by JPMorgan Chase adds another complication to a local real estate market already hampered by high interest rates, difficulties...
